iPhone and iPad games paying off for EA as its mobile revenues rise

July 27th, 2011, 23:44 Posted By: wraggster

Fiscal first quarter sees sales of $57m, up 9 per cent year-on-year.

Electronic Arts has reported its fiscal first quarter financials, and they show more growth for its mobile gaming division.

EA Mobile's sales were $57 million for the quarter, up 9% year-on-year. The publisher highlighted its success on iOS, claiming two of the top 10 paid iPhone games and two of the top 10 paid iPad games in June 2011 in its financials filing.

Overall, EA's net revenues were $999 million for the quarter, meaning mobile accounted for 6% of the company's sales.

CEO John Riccitiello also gave his summary on the rapid pace of change within the games industry, fuelled partly by mobile devices. "Consider that just 18 months ago, there was no iPad, Google was just experimenting with Android and most big games were limited to a single revenue opportunity at launch," he told analysts.

"On smartphones and tablets like the iPhone and iPad, the top paid apps are all games. Recognize that the fastest-growing revenue streams for console, PC, smartphones and tablets are all digital, and that EA is partnering with its retail and platform partners to help jointly grow these digital revenue streams."

http://www.mobile-ent.biz/news/read/...es-rise/015020

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